REG - First Class Metals - Warrant Extension

FIRST CLASS METALSAnnouncement

28/07/2023 07:00

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RNS Number : 4851H  First Class Metals PLC  28 July 2023

The information contained within this announcement is deemed to constitute
inside information as stipulated under the retained EU law version of the
Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part
of UK law by virtue of the European Union (Withdrawal) Act 2018. The
information is disclosed in accordance with the Company's obligations under
Article 17 of the UK MAR. Upon the publication of this announcement, this
inside information is now considered to be in the public domain.

 

FIRST CLASS METALS PLC

28(th) July 2023

Warrant Extension

 

First Class Metals PLC ("First Class Metals" "FCM" or the
"Company") the UK metals exploration company seeking large scale metal
discoveries across its extensive Canadian Schreiber-Hemlo & Sunbeam land
holding is pleased to announce that, subject to specific warrant holder
approval, it has approved a twelve month extension of the outstanding
'Existing Shareholder Warrants' and the 'First Warrants', which were issued at
the point of the Initial Public Offering 'IPO' on the 28(th) July 2022, by way
of amendment to the instruments pursuant to which those warrants were
constitued.

 Type Of Warrant                      Number Outstanding  Proposed Expiry
 10p 'Existing Shareholder Warrants'  6,054,991           28(th) July 2024
 12.5p 'First Warrants'               6,195,785           28(th) July 2024

 

The proposed extension to the Existing Warrants is subject to approval in
writing by holders of at least two-thirds of the Existing Warrants now
outstanding.

The proposed extension to the First Warrants is subject to approval by the
holders of First Warrants at a meeting to be held on the 4(th) August 2023 at
10.00am.

 

For further information, please contact:

 James Knowles, Executive Chairman  JamesK@Firstclassmetalsplc.com (mailto:JamesK@Firstclassmetalsplc.com)  07488 362641
 Marc J Sale, CEO                   MarcS@Firstclassmetalsplc.com (mailto:MarcS@Firstclassmetalsplc.com)    07711 093532
 Ayub Bodi, Executive Director      AyubB@Firstclassmetalsplc.com (mailto:AyubB@Firstclassmetalsplc.com)    07860 598086

 

First Equity Limited

(Financial Adviser & Broker)

 Jonathan Brown     0207 3742212
 Jason Robertson    0207 3742212

 

 

 

 

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